1/3 Lake Terrace W, Mount Gambier, SA 5290 | Property Value & History | OnTheHouse
OFF MARKET

1/3 Lake Terrace W
Mount Gambier SA 5290

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 245m2
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Property Details for 1/3 Lake Tce W, Mount Gambier

1/3 Lake Tce W, Mount Gambier is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 245m2. While the property is not currently for sale or for rent, it was last sold in August 2018.

Building Type
Unit
Year Built
2003
Land Size
245m2
Local Government
Mount Gambier
Lot/Plan
F1/C21609

Last Listing description (April 2019)

Welcome to G001/3 Lake Terrace West in the Lakes Apartments of Mount Gambier - the pinnacle of apartment living offering incredible views of the city skyline packaged with modern convenience.
Located on the ground floor with immediate yet secure access to rear parking, this central north facing apartment offers a huge open plan footprint that is perfect for the home entertainer and provides 180 degree views of the city. The kitchen features granite bench tops, electric cooking, dishwasher and large walk in pantry all overlooking a tiled dining space.
The sun-filled and carpeted lounge space is shaped around the circular wall that defines one of the most iconic and recognisable buildings in town, with plenty of balcony space surrounding the entire apartment. This includes direct access from the master suite, which also offers a spacious walk thru robe to a private en-suite.

Brand new carpets in the lounge space and fresh, neutral paint in the living/dining/kitchen areas creates an inviting and vibrant space.
Main bathroom includes separate spa bath and convenience of a separate toilet.
Other features include:
- 2nd bedroom with BIR.
- R/C Air Conditioning in the living area.
- Tiled laundry area.
- Single lock up garage.
- Separate, lockable storage area in basement.
- Secure apartments with key-fob access.
A fantastic opportunity for the buyer looking for modern and low maintenance living.

Property History for 1/3 Lake Tce W, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$295,000
08 Aug 2018
Listed for Rent
$285/w
22 Oct 2010
  • 03 Dec 2021
    Sold for $290,000
  • 08 Aug 2018
    Sold for $295,000
  • 18 Aug 2017
    Listed for Sale $295,000
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About Mount Gambier 5290

The size of Mount Gambier is approximately 26.8 square kilometres. There are 114 parks, covering nearly 24.0% of the total area. The population of Mount Gambier in 2016 was 25512 people. By 2021 the population was 25591 showing a population growth of 0.3% in the area during that time. The predominant age group in Mount Gambier is 50-59 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a community and personal service occupation.In 2021, 62.70% of the homes in Mount Gambier were owner-occupied compared with 61.30% in 2016.

Mount Gambier has 13,850 properties. Over the last 5 years, Houses in Mount Gambier have seen a 111.31% increase in median value, while Units have seen a 111.85% increase. As at 31 May 2026:

  • The median value for Houses in Mount Gambier is $579,262 while the median value for Units is $420,116.
  • Houses have a median rent of $470 while Units have a median rent of $360.
There are currently 96 properties listed for sale, and 52 properties listed for rent in Mount gambier on OnTheHouse. According to Cotality's data, 714 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.